Latin America Luxury Travel Market Size & Outlook
Latin America luxury travel market, 2017-2030 (US$M)
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Latin America luxury travel market highlights
- The Latin America luxury travel market generated a revenue of USD 78,159.6 million in 2023.
- The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, safari & adventure was the largest revenue generating tour in 2023.
- Culinary Travel & Shopping is the most lucrative tour segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 78,159.6 million |
| Market revenue in 2030 | USD 132,776.1 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Safari & adventure |
| Fastest growing segment | Culinary Travel & Shopping |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Customized & Private Vacations, Safari & Adventure, Cruises, yachting and small ship expeditions, Celebration Journeys, Culinary Travel & Shopping, Luxury Trains |
| Key market players worldwide | TUI AG, Butterfield & Robinson, Lindblad Expeditions Holdings Inc, Exodus Travels, Scott Dunn, Abercrombie & Kent, GeoEx (Geographic Expeditions), Micato Safaris |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.8% of the global luxury travel market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 500,061.5 million by 2030.
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Luxury Travel Market Scope
Luxury Travel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America luxury travel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury travel market will help companies and investors design strategic landscapes.
Safari & adventure was the largest segment with a revenue share of 32.8% in 2023. Horizon Databook has segmented the Latin America luxury travel market based on customized & private vacations, safari & adventure, cruises, yachting and small ship expeditions, celebration journeys, culinary travel & shopping, luxury trains covering the revenue growth of each sub-segment from 2017 to 2030.
The tourism industry is among the most valuable contributors to job creation, economic development, and foreign exchange generation in Central & South America. According to the World Travel & Tourism Council (WTTC) as of 2020, this region ranked fourth on the list of the most crucial tourist regions in the world.
Brazil, Colombia, Peru, Chile, and Argentina are the key tourist markets in this region, with coastal areas around Palomino on the Caribbean coast of Colombia, the Tayrona National Park in the Colombian northern Caribbean region, and the Tatacoa Desert serving as ideal spots for luxurious adventures.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America luxury travel market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America luxury travel market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America luxury travel market size, by country, 2017-2030 (US$M)
Latin America Luxury Travel Market Outlook Share, 2023 & 2030 (US$M)
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